China Merchants Group

China Merchants Group (招商局集团, Zhaoshangju Jituan) is a state-owned corporation of People's Republic of China. It is the major shareholder of China Merchants Holdings (International) (55.4%) as well as China Merchants Bank (18%). The company's headquarters are located on the top floor of China Merchants Tower, Shun Tak Centre, Hong Kong.^[1]

Subsidiaries

The company currently owns:

• China Merchants Holdings (International) (SEHK: 0144) (55.4%)
  • China Merchants Holdings (Pacific) (SGX: C22) (CMHI holds 78.41%)
  • China Nanshan Development (Group) Corporation (CMHI holds 37% as major shareholder, government is the ultimate shareholder)
    • Shenzhen Chiwan Wharf Holdings Limited (SZSE: 000022)
      • Chiwan Container Terminal Co. Ltd.
  • Shekou Container Terminals Limited (CMHI holds 80% directly, 20% holds by Modern Terminals Limited)
  • Modern Terminals Limited (CMHI holds 27% as 2nd largest shareholder)
• China Merchants Shekou Industrial Zone Co. Ltd. (wholly subsidiary)
  • China Merchants Property Development Co. Ltd. (SZSE: 000024) (Shekou Industrial Zone Co. owned 50.9%)
• China Merchants Technology (100% owned)
• China Merchants Energy Shipping(SSE: 601872) (54.1%)
  • Hong Kong Ming Wah Shipping (wholly subsidiary of CM Energy Shipping)
• Hua Jiang Transportation Economic Development Center (wholly subsidiary)
• China Merchants Fiancee Holdings (wholly subsidiary)
• China Merchants Industry Holdings (wholly subsidiary)
• Hoi Tung Marine Machinery Suppliers (wholly subsidiary)
• China Communications Import & Export Corporation (wholly subsidiary)
• China Merchants Chongqing Communications Research & Design Institute Co., Ltd. (wholly subsidiary)
• China Merchants Zhangzhou Development Zone (78%)
• China Merchants Securities (51.72%)
• Hua Bei Expressway
• International Marine Containers (Group) Ltd.

This list is incomplete; you can help by expanding it.

History

China Merchants Steam Navigation Company was a transportation company founded on December 16, 1872, by then Minister of Beiyang Li Hongzhang as part of the Self-Strengthening Movement during the late Qing dynasty. Eighty percent of the start-up capital was provided by native Chinese, making this the first transportation company using modern technology not based on foreign ownership. In 1938, during the Second Sino-Japanese War, the company sold four of its ships Haiyuan, Haili, Haichen and Haiheng to the Hong Kong-based trading company Jardine Matheson & Co.^[2]

The company split due to the Chinese Civil War, which began in 1927. The Taipei-based CMSNC merged with Yang Ming Marine Transport Corporation on July 1, 1995.

References

1. "Contact Us." China Merchants Group. Retrieved on November 8, 2011. "Head Office Address: 40/F., China Merchants Tower, Shun Tak Centre, 168-200 Connaught Rd., C., Hong Kong" - Address in Chinese: "香港 中环 干諾道168-200號信德中心招商局大廈39-40樓"
2. "Britons Buy Chinese Ships". Evening Telegraph (British Newspaper Archive). 6 August 1938. Retrieved 8 July 2014. (subscription required (help)).

External links

• China Merchants Group
• China Merchants Group (Chinese)